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Financial Accounitng Assignment - Case Study Example

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Financial Accounitng Assignment

1. The company has bad debts of $566 and $1,119 for the two years 2006 and 2007 respectively. This is shown in the balance sheet for the company where provisioning is done to counter the affect of bad debts. The balance sheet is located at page 37 of the financial statements of the company.
3. The cash outflow for the purchase of treasury stock is disclosed in the 2001 financial statements of the company under the Cash flow statements and financing activities. It shows a ash outflow of $34.27 million for purchase of treasury shares in 2001. The dollar amount of treasury shares in 2000 balance sheet were around $78.6 million which decreased to $49.93 million in 2001. ...Show more


1. The financial statements will reflect a picture which will not truly reflect the company's financial information. Since, a significant loan of $50,000 is converted as equity, the company's leverage position will be modified with all equity capital structure.
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Financial Accounitng Assignment essay example
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